Blog Posts

, Blog, Sarasota Tax Preparation & Sarasota Accounting

COVID-19 Relief if You Work Abroad or Travel to the U.S. to Work

If the federal tax you pay is dependent on where you are physically located, then COVID-19 likely has thrown a wrench in your physical tax location (and tax situation). If you were living abroad and had to return to the U.S. because of COVID-19, you may wonder if...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

Outsourced Virtual CFO vs In-House CFO: Which Is Better?

Tags: Virtual CFO, Virtual CFO Services, Role of CFO, Outsourced CFO, Outsourced CFO Services According to research, the number one task that business owners and entrepreneurs dread the most is bookkeeping. Most of us don't open businesses to bury our heads in...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

What Makes a Great Virtual CFO? 6 Qualities to Look for When Hiring

Tags: Virtual CFO, Virtual CFO Services, Role of CFO, Outsourced CFO, Outsourced CFO Services As the talent squeeze tightens, it is becoming increasingly difficult for companies to fill their financial positions. Research has revealed that firms in 2019 listed finding...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

Create Deductions: Use Your Vacation Home for Business Lodging

Here’s good news: the properly used business vacation home or condo does not suffer from • the vacation-home rules, • the passive-loss rules, or • the entertainment-facility rules. In these days of COVID-19, you may have solid reasons to use your vacation home or...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

PPP Loan Forgiveness for Partnerships and S and C Corporations

If you operate your business as a partnership or an S or C corporation, you face entity-specific PPP loan forgiveness rules that apply to you as an owner-worker in the business. The rules that apply to you do not apply to the rank-and-file employee group. The...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

10 Advantages of Hiring a Part-Time Virtual CFO

Tags: Virtual CFO, Virtual CFO Services, Role of CFO, Outsourced CFO, Outsourced CFO Services Every business needs an expert financial consulting advisor, but only about 42% of small businesses have CFOs. Most small businesses feel that they can’t afford a full time...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

Individual Retirement Accounts – Traditional IRAs

Traditional IRAs IRA Contribution Limits—2020 Lesser of: Taxable compensation for the year, or: Under age 50 ................................................................................. $6,000 Age 50 or...

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